Japanese Candlesticks Analysis 15.05.2019 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after rebounding from the support level, EURUSD is trading upwards and forming Engulfing, Hammer, and Inverted Hammer reversal patterns during pullbacks. Judging by the previous movements, at the moment it may be assumed that the instrument may continue moving to the upside with slight corrections.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still trading near the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level, the instrument may continue its ascending tendency.